Why It's So Easy For Corporate America To Avoid Paying Their Taxeshttp://www.businessinsider.com/corporate-tax-avoidance-system-2013-6/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 26 Sep 2017 18:11:56 -0400Knowledge@Whartonhttp://www.businessinsider.com/c/51c33330eab8ea264400000dmontanaboyThu, 20 Jun 2013 12:52:00 -0400http://www.businessinsider.com/c/51c33330eab8ea264400000d
Q: Why is this happening?
A: It is completely legal.
I know, I know, changing the law would annoy the corporate masters while whining about it gets some brownie points.http://www.businessinsider.com/c/51c332576bb3f73f4100000bBummerDuckThu, 20 Jun 2013 12:48:23 -0400http://www.businessinsider.com/c/51c332576bb3f73f4100000b
Just set the tax rate for business at 10-15%, for any profit. Only basic business expenses can be deducted. No complicated loopholes that advantage giant companies that can hire hundreds of accountants that just scam the system.
I am betting the US would suddnly have a sload of cash coming in, and business couldn't complain because that is much lower than the average tax rate of other nations.